At the very beginning of the week, the Bombay Stock Exchange started with a negative direction. The market was consistently falling and at the end of the day market observed the downfall of 309 points.

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The Nifty was down by 1.78% to close at 5,185 points with the loss of 94 points, whereas the Sensex fall by 1.78% or 309 points and closed at 17, 053. All the banks, power, realty and capital goods suffered the setback today. Market opened and their points started to decrease in the market.

According to Shanu Goel, Senior Research Analyst, Bonanza Portfolio, the markets are at a very down point because of the China’s poor manufacturing data which was released last week. Moreover, the derivatives contract for the month of March is going to end on this Thursday. One can expect some speed in the market, and the contracts will get over or get cancelled.